En ny undersøgelse fra Deloitte konkluderer, at M&A aktivitet i olie- og gasbranchen er faldet til det laveste niveau siden 2008, og at 70 % af opkøbene er virksomheder, som opkøber virksomheder med højere ESG-rating end dem selv.
Deloitte har i forbindelse med undersøgelsen identificeret en række drivkræfter bag opkøbene i energibranchen, herunder:
- 82% of deals are for natural gas infrastructure, with growing intent to secure the supply chain. Rising energy security concerns are leading to acquisitions of natural gas and LNG assets.
- Accelerating energy transition drove $32 billion of clean energy M&A by O&G companies in 2022. Biofuels along with combined solar and wind assets account for nearly 80% of clean energy deals by O&G companies in 2022.
- More than 70% of deals involve buyers buying sellers with a relatively better ESG profile. Increasingly, assets and companies with better ESG profiles are gaining the interest of large O&G buyers.
Fra rapporten: ”Buyers of O&G assets and companies are increasingly looking for sellers with a relatively higher ESG profile. Over the past five years, in more than 70% of deals, the ESG score of the seller was higher than that of the buyer. Mapping ESG scores by buyer and deal size reveals that micro to medium-sized companies are buying relatively lower-ESG-profiled assets, while large-sized companies (especially large independents and supermajors) seem to be buying ESG-friendly assets. Would tighter and more ESG disclosures revive the O&G M&A activity?”
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